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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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STATE FINANCE AND PROCUREMENT |
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DIVISION I. STATE FINANCE |
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TITLE 9. STATE INSURANCE PROGRAM |
§ 9-104. General powers and duties of Treasurer
Latest version.
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(a) General responsibilities. --
(1) Subject to any limitation in an agreement or law, the Treasurer is responsible for the Program.
(2) The Treasurer shall administer the Fund.
(3) Notwithstanding any law that authorizes a unit of the State government to buy insurance, the Treasurer may:
(i) buy the insurance in accordance with Division II of this article; or
(ii) require the unit to obtain approval before the unit buys the insurance.
(b) Regulations. -- The Treasurer shall adopt necessary regulations:
(1) to set policies and procedures for payment on losses, including adjustment and approval;
(2) to collect from private insurers on losses; and
(3) otherwise to carry out the duties of the Treasurer under this title.
(c) Assistance. -- The Office of the Attorney General and the State Fire Marshal shall cooperate with and assist the Treasurer in carrying out the duties of the Treasurer under this title.